⚡️🇫🇷 NEW - Ledger co-founder Éric Larchevêque…
⚡️🇫🇷 NEW - Ledger co-founder Éric Larchevêque recounts how he discovered the appeal of Bitcoin.
“In 2002, I had a personal experience that, without my knowing it, prepared me to understand the profound appeal of Bitcoin.
At the time, already aware of the fragility of the fiat monetary system, I sought to preserve the fruits of my early entrepreneurial success by turning to gold, a safe haven par excellence.
I had bought a few bars, which I decided to store in the vaults of a major Luxembourg bank.
Everything was going well until I moved to Eastern Europe for professional reasons.
This new situation apparently put me on a risk profile that was incompatible with this bank, which unilaterally decided to close my account and sever all ties with me.
When I logically asked to get my gold back, I was refused...
I was persona non grata and was no longer even allowed to physically enter the bank!
Furthermore, the bank stubbornly refused to send it to me by courier. The only option available to me was to sell the bullion for euros and have the money transferred to a new bank.
That day, I realized that I had made a huge mistake in entrusting my bullion to my bank.
Admittedly, it didn't actually steal my funds, as it ended up reimbursing me, but it completely thwarted my goal of having a reserve of gold bullion that I could access in the event of a major problem.
I had comfortably lulled myself into the illusion that I owned my gold, when in reality I only had a claim on it.
This experience was a wake-up call.
I understood an essential truth: you don't own your money, you're just renting it.
❌ All it takes is a grain of sand in the system for you to be expropriated.
Years later, when I discovered Bitcoin, I was already in the right frame of mind to grasp its significance.
Personal monetary sovereignty is an essential pillar of its financial structure.
Because everything is fine until the day everything goes wrong.
And on that day, you'll be glad you implemented your Bitcoin strategy.”